ALVOX vs. FUMIX
Compare and contrast key facts about Alger Capital Appreciation Portfolio (ALVOX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX).
ALVOX is managed by Alger. It was launched on Jan 25, 1995. FUMIX is managed by Fidelity. It was launched on Feb 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALVOX or FUMIX.
Performance
ALVOX vs. FUMIX - Performance Comparison
Returns By Period
In the year-to-date period, ALVOX achieves a 47.55% return, which is significantly higher than FUMIX's 36.25% return.
ALVOX
47.55%
7.66%
20.57%
52.86%
5.85%
3.30%
FUMIX
36.25%
2.26%
12.35%
42.72%
16.70%
N/A
Key characteristics
| ALVOX | FUMIX | |
|---|---|---|
| Sharpe Ratio | 2.72 | 2.47 |
| Sortino Ratio | 3.47 | 3.29 |
| Omega Ratio | 1.48 | 1.44 |
| Calmar Ratio | 1.28 | 3.45 |
| Martin Ratio | 14.59 | 14.46 |
| Ulcer Index | 3.62% | 2.96% |
| Daily Std Dev | 19.44% | 17.28% |
| Max Drawdown | -57.47% | -33.36% |
| Current Drawdown | -8.37% | -0.17% |
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ALVOX vs. FUMIX - Expense Ratio Comparison
ALVOX has a 0.91% expense ratio, which is higher than FUMIX's 0.11% expense ratio.
Correlation
The correlation between ALVOX and FUMIX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ALVOX vs. FUMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Portfolio (ALVOX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ALVOX vs. FUMIX - Dividend Comparison
ALVOX has not paid dividends to shareholders, while FUMIX's dividend yield for the trailing twelve months is around 0.56%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVOX Alger Capital Appreciation Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.16% | 0.19% | 0.09% | 0.11% | 0.37% |
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.56% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALVOX vs. FUMIX - Drawdown Comparison
The maximum ALVOX drawdown since its inception was -57.47%, which is greater than FUMIX's maximum drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for ALVOX and FUMIX. For additional features, visit the drawdowns tool.
Volatility
ALVOX vs. FUMIX - Volatility Comparison
Alger Capital Appreciation Portfolio (ALVOX) has a higher volatility of 6.17% compared to Fidelity SAI U.S. Momentum Index Fund (FUMIX) at 3.88%. This indicates that ALVOX's price experiences larger fluctuations and is considered to be riskier than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.